European Banking Authority becomes a Permanent Observer to the PCS Association

Today, the European Banking Authority (EBA) became a Permanent Observer of the Prime Collateralised Securities Association, representing the first regulator to do so and a further sign of high-level European institutional support for the securitisation industry. The EBA will join other observers, such as the European Central Bank (ECB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and European Investment Fund (EIF) and KfW in providing input to future PCS meetings and decision-making. PCS is delighted and honoured by the EBA’s decision and looks forward to obtaining the benefit of their insight in its deliberations.